Benzinga | Jul 6, 2021 10:21AM EDT

Understanding Wabash National's Ex-Dividend Date

On May 12, 2021, Wabash National (NYSE:WNC) announced shareholders can expect to receive a dividend payable on July 29, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Wabash National, which has a current dividend per share of $0.08, has an ex-dividend date scheduled for July 7, 2021. That equates to a dividend yield of 1.86% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Wabash National's Dividend Payouts And Yields

Over the past year, Wabash National has seen its dividend payouts remain the same and its yields trend downward. Last year on July 1, 2020 the company's payout sat at $0.08, which has returned to its value today. Wabash National's dividend yield last year was 3.12%, which has since decreased by 1.26%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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